Texas made the Top Ten States With Appreciation in 2007. Add to that, the fact that Austin is seen as one of the top twenty cities for forecasted appreciation, and you have a good prognosis for the Texas economy. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Texas real estate sales were number 8 in the list of states that had "...positive four-quarter appreciation" in 2007...". The report has has lots of positive data. The list of states and their ranking by appreciation over 2007 is on page 25 of the .pdf report.
80% of the United States had POSITIVE appreciation in 2007 according to the chart page 25 and 26 of the report. And, of the 291 cities monitored in the report, 65% had appreciation. Too bad these statistics are being used to say that the real estate market is bad, according to it's title. This report uses a few different set of statistics to show different aspects of the housing market.
US real estate still provides one of the best available forms of investment for people looking to grow wealth over the long run. Real Estate professionals should be using blogging, newslettering, pressreleasing, emailing, and any other useful method to get this positive news out!
The report can be found at: http://www.ofheo.gov/media/pdf/4q07hpi.pdf
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker